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REAL ECONOMY: CORPORATE DISPUTE

State should seize iron-ore initiative and move debate into developmental realm

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Without question, there is very little sympathy out there for ArcelorMittal South Africa in its fight to hold on to a favourable 25-year iron-ore arrangement with Sishen Iron Ore Company (SIOC). The main reason is that the benefits of the 2001...
12 Mar 10
 
 
INFLATION

SA has some leeway on inflation – Strauss-Kahn

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South Africa's government is right to set inflation targets but has leeway for some flexibility as the country looks to emerge from recession, International Monetary Fund head Dominique Strauss-Kahn said. "I have to applaud steps taken in the new...
10 Mar 10
 
 
ECONOMY

Weakening rand would be 'very short-sighted' – IMF

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Devaluing the rand would be a "very short-sighted" move for South Africa to make, International Monetary Fund (IMF) MD Dominique Strauss-Kahn said on Tuesday. Local union federation Cosatu, an ally of the ruling ANC, has called on the central...
09 Mar 10
 
 
BUSINESS CONFIDENCE

Business confidence returns to precrisis level

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While the 15-point climb in the Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) quarterly Business Confidence Index (BCI) for the first quarter of 2010 was “heartening”, RMB chief economist Ettienne le Roux warned that the...
 
 
CLIMATE CHANGE

IMF working on $100bn ‘green fund’ – Strauss-Kahn

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The International Monetary Fund (IMF) was “working on the idea of a green fund” to raise $100-billion a year by 2020 to mitigate the impacts of climate change on developing economies, IMF MD Dominique Strauss-Kahn told a conference in Kenya on...
08 Mar 10
 
 
ECONOMY

South African inflation targeting to stay – Nene

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The South African Reserve Bank's mandate of targeting low inflation will stay although that also involves taking growth and employment into account, Deputy Finance Minister Nhlanhla Nene said on Friday. Nene reiterated the position of Finance...
05 Mar 10
 
 
TOURISM

SA foreign visitors rise, World Cup to boost

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The number of foreign visitors in South Africa rose by 3,6% in 2009, bucking a global downturn in the sector, with slightly more arrivals expected this year partly due to the 2010 FIFA World Cup. Tourism Minister Marthinus van Schalkwyk said on...
04 Mar 10
 
 
INVESTMENT

SA is an attractive investment destination − Zuma

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The prospects for South Africa’s economic recovery was promising, while the country remained an “excellent destination” for investment in all sectors, including the manufacturing and mining sectors, President Jacob Zuma told the British...
04 Mar 10
 
 
 
 
 
 
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